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    2903-2915 Enterprise Dr Anderson, IN 46013
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    Property profile & analytics

    2903-2915 Enterprise Dr, Anderson, IN 46013

    View on Map
    • Office Spaces
    • 32,586 SF
    • 3.65 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    Versatile Office Space Available For Lease
    $13 SF/Yr
    15,070 SF

    Versatile Office Space Available

    15,070 SF office suite for lease in Anderson, Indiana.

    2903 Enterprise Dr, Anderson, IN 46013
    View Listing
    Property ID
    US31-1232337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Career Horizens / Business Service Center / Employment Agency
    • Financial Wize Home Loans Anderson IN / Physician

    Property Details for 2903-2915 Enterprise Dr

    Year built
    1994
    Construction
    WOOD
    Lot size
    3.65 lot acres
    Property type
    Office Spaces
    APN
    48-14-03-300-005.000-039
    APU
    481403300005000039

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,570,000
      Market price range: $960k - $4.28M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,930,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anderson
    County
    Madison
    State
    Indiana
    Longitude
    -85.7271
    Latitude
    40.037
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,277
    $182,500
    $1,493,400
    $1,675,900
    -
    $182,500
    $1,493,400
    $1,675,900

    Comparable in this City

    • Value Estimation by Request
      21,880 SF

      7311 Quality Cir

      Office Spaces
      7311 Quality Cir, Anderson, IN 46013
      View Details
    • Value Estimation
      $3,825,000
      44,699 SF

      2828 Enterprise Dr

      OFFICE (GENERAL)
      2828 Enterprise Dr, Anderson, IN 46013-9663
      View Details
    • Value Estimation
      $6,760,000
      76,614 SF

      2705 Enterprise Dr

      OFFICE (GENERAL)
      2705 Enterprise Dr, Anderson, IN 46013-9670
      View Details
    • Value Estimation
      $1,610,000
      71,278 SF

      2902 Enterprise Dr

      OFFICE (GENERAL)
      2902 Enterprise Dr, Anderson, IN 46013-9667
      View Details
    • Value Estimation by Request
      14,056 SF

      1125 38th St

      OFFICE (GENERAL)
      1125 38th St, Anderson, IN 46013-5331
      View Details
    • Value Estimation by Request
      2,499 SF

      1915 53rd St

      OFFICE (GENERAL)
      1915 53rd St, Anderson, IN 46013-1109
      View Details

    Similar Nearby for Sale

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      Anderson Office Building For Sale

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    • $2,500,000
      32,586 SF

      Anderson Office Building Near I-69

      32,586 SF office building on 3.65 acres in Anderson.
      2903-2915 Enterprise Dr, Anderson, IN 46013
      View Details
    • $925,000
      1.16 Acres

      Commercial Land in Anderson, Indiana

      1.16 acre commercial parcel at Dr. MLK Blvd and 53rd.
      5330 Dr Martin Luther King Jr Blvd, Anderson, IN 46013
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    • $409,000
      1,756 SF

      Commercial Property on High-Traffic Corner

      Commercial property on 1.07 acres at a busy intersection.
      1601 E 53Rd St, Anderson, IN 46013
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    • $899,900
      8,800 SF

      Anderson Retail & Warehouse Portfolio

      High-traffic retail space, warehouse, & home
      1415 53Rd St, Anderson, IN 46013
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    • $39,900
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      Two Residential Lots in Anderson

      Two buildable residential lots with city utilities in a quiet area.
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    Similar Nearby for Lease

    • $1,500 /Mo
      1,250 SF

      Well-Maintained Office Building in Anderson

      1,242+- SF office space on a busy street.
      305 E 38Th St, Anderson, IN 46013
      View Details
    • $12 SF/Yr

      Office Space Near I-69

      Office suites available with immediate I-69 access and ample parking.
      7303 Quality Cir, Anderson, IN 46013
      View Details
    • $13 SF/Yr

      Adaptable Office Suites For Lease

      Customizable office spaces available in Anderson, near I-69 corridor.
      2903-2915 Enterprise Dr, Anderson, IN 46013
      View Details
    • Contact for pricing

      Versatile Office Space Available

      15,070 SF office suite for lease in Anderson, Indiana.
      2903 Enterprise Dr, Anderson, IN 46013
      View Details
    • Contact for pricing

      Retail/Office Space on Scatterfield Road

      Prime retail or office space in a high-traffic location.
      3711 S Scatterfield Rd, Anderson, IN 46013
      View Details
    • $13 SF/Yr
      32,586 SF

      Flexible Office Space Available

      15,070 SF office space for lease in Anderson, IN.
      2903 Enterprise Dr, Anderson, IN 46013
      View Details
    View Listing
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    Anderson, IN 46013
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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